Noble Corporation's CEO Presents At UBS Global Energy & Gas Conference (Transcript)

Noble Corporation (NE)

UBS Global Energy & Gas Conference Call

May 22, 2012 09:40 am ET

Executives

David Williams - Chairman, President and CEO

Analysts

Angie Sedita - UBS

Presentation

Angie Sedita - UBS

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Good morning. Our next presenter is David Williams who is the Chairman, President and CEO of Noble Corporation, positions he has held since January 2008. Prior to that he was the Senior VP and COO from 2007 to 2008 of Noble and before that he served five years as Executive VP of Diamond Offshore. Dave, David has certainly led Noble through an impressive transformation of the company’s rig fleet through sizeable new build program which will result in a top-tier rig fleet upon completion. With that I will turn to David.

David Williams

Thank you, Angie. It’s a pleasure to be here, I appreciate the opportunity to come talk about Noble and appreciate the opportunity to get back to Texas. Geneva is not the hot bed of oilfield activities (inaudible) I think. So, it’s great to be back here.

Our presentation today does include some forward-looking statements. These statements are based on our current understanding of factors that affect our business, either directly or indirectly. Assumptions built in those statements could prove incorrect, leading to materially different conclusions. So please see our Form 10-K for a complete list of risks associated with the business.

Today, there are just a few things I would like to cover. I would like to give a brief overview of Noble and a little bit of history, not much, cover some details behind the strategy that Andy talked about that we’re working to design and transform the fleet to a much more premium status and finish them with comments on these sector activity, especially in deepwater also, talk a little bit about jackups, but primarily the [ore].

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